Albion Enterprise VCT (LON:AAEV) Reaches New 1-Year Low – Here’s Why

Albion Enterprise VCT (LON:AAEV)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 106 ($1.34) and last traded at GBX 106 ($1.34), with a volume of 533 shares. The stock had previously closed at GBX 108.50 ($1.37).

Albion Enterprise VCT Price Performance

The firm’s fifty day moving average price is GBX 111.39 and its 200-day moving average price is GBX 115.98. The company has a market capitalization of £237.91 million, a price-to-earnings ratio of 0.94 and a beta of 0.03.

Albion Enterprise VCT (LON:AAEV) last posted its quarterly earnings data on Wednesday, November 27th. The company reported GBX 0.69 ($0.01) earnings per share for the quarter. Albion Enterprise VCT had a return on equity of 85.97% and a net margin of 1,726.26%.

Albion Enterprise VCT Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 6th will be issued a GBX 3.28 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, February 6th. This represents a yield of 2.89%. Albion Enterprise VCT’s payout ratio is 5.34%.

Albion Enterprise VCT Company Profile

Albion Enterprise VCT PLC is a venture capital trust specializing in early and growth stage investments. It seeks to invest in the information technology, software, pharmaceutical services, leisure sector, healthcare technology and fintech sector related companies. It does not invest in companies that deal in property or shares and securities, banking and agriculture.